REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:July 23, 2024
Subject:Purchase of Vacant Real Property for Open Space/Habitat Preservation Purposes (APN 371-100-015) for $206,041.76 Plus Closing Costs Recommendation
Approve the purchase of approximately 8.91 acres of vacant property (APN 371-100-015) for $206,041.76, plus closing costs, for open space/habitat preservation purposes consistent with the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP) and authorize the City Manager to execute the Agreement and Escrow Instructions for the Purchase and Sale of Real Property and such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney.
Background
The property consists of approximately 8.91 acres of unimproved vacant land along the southern border of Planning Area 5 of the East Lake Specific Plan in the Back Basin area of the City of Lake Elsinore.
Discussion
Acquisition of the property furthers the objectives and is consistent with the joint efforts of the City and the Western Riverside County Regional Conservation Authority (RCA) to complete the assembly of the 770 acres of habitat conservation as outlined in the 2003 East Lake Specific Plan MSHCP Consistency Analysis. The property acquisition is also consistent with the revised mitigation obligations established by the California Department of Fish and Wildlife (CDFW) in connection with the Cottages at Mission Trail and the Mission Trail Apartments projects.
Property Purchase APN 371-100-015
Fiscal Impact
The $206,041.76 purchase price plus closing costs will be advanced by the City’s General Fund subject to reimbursement upon release by CFDW of the developer’s Letter of Credit securing the mitigation obligations of the Mission Trail Apartments project.
Attachments
Attachment 1 - Vicinity Map
Attachment 2 - Arial Map
Attachment 3 - Purchase Agreement
City Attorney’s Office